EDC hopes for bigger role in new world

However, the Crown corporation has been on the defensive for its support of mining projects.

Anca Gurzu, Embassy

Export Development Canada’s goal is to have 20 offices abroad. It currently has 15, with a new one set to open in Panama very soon. “Our motto is to do business where business is being done,” says Export Development Canada vice-president of financing Stephen Poloz.

The recent global financial crisis has signalled a major shift in the way the world operates. Seemingly gone is Western economic and political dominance, with a great deal of power on both fronts having shifted from North America and Europe to an emerging Asia, in particular. The G8 has been largely replaced by the G20, and most of the world is struggling to get a grip on this new reality.

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